PAASPan American Silver Corp.

$45.77+29% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 59 out of 100, Average
Today's price. Only valuation depends on it.

Average. Pan American Silver Corp. scores higher than 53% of the 1,794 companies Ryufin scores.

Carried by valuation and return on new capital, held back by return on capital and cycle position.

Basic Materials median 59 · all companies 57

Valuation

26% of the score

79median 56

Pan American Silver Corp. is valued at 15x its operating profit, including debt: an ordinary multiple.

60x
50x
35x
25x
18x
12x
8x
15x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

26median 34

Over 7 years the business earned 5.4% a year after tax on the capital it uses.

2%
8%
15%
25%
5.4%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 15%

Return on new capital

16% of the score

100median 49

For every dollar of operating profit earned over 6 years, yearly profit grew by 37 cents. New capital earned 13%, and 294% of profit went back into the business.

-5%
12%
37%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

31median 67

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 12.7% a year over 5 years: new shares
0
5%
-3%
13%
0 pointsfull points
Assets against salesAssets grew 23% a year, sales 22%
77
12%
-2%
1.2%
0 pointsfull points

Cycle position

12% of the score

0median 62

Today's operating margin of 34% is 2.48x its normal 14%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
2.5x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 34%

Balance sheet

8% of the score

100median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDAMore cash than debt
100
Interest coverOperating profit covers interest 22x
100
1.5x
12x
22.4x
0 pointsfull points

Earnings quality

6% of the score

90median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 2.54x profit over 3 years
100
0.7x
1x
1.3x
2.5x
0 pointsfull points
AccrualsCash ran ahead of profit by 4.2% of assets
81
8%
0%
-8%
-4.2%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2025-12-31, latest annual report FY2025.